Italy’s Versalis, PETRONAS may build Malaysia elastomer plants

19 July 2012 12:50  [Source: ICIS news]

LONDON (ICIS)--PETRONAS has signed a heads of agreement with Italy’s Versalis to jointly build and operate elastomer plants in Malaysia’s southern Johor state, the Malaysian state-controlled energy and petrochemicals major said on Thursday.

The elastomer plants would be part of PETRONAS’ proposed Refinery and Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor, the company said.

Under the agreement, the proposed joint venture would produce and market synthetic rubbers using Versalis’ technology and know-how.

Versalis – until recently known as Polimeri Europa – is a petrochemicals producer owned by Italy’s oil and gas major Eni.

PETRONAS has signed similar agreements to join RAPID with Germany’s BASF, Thailand’s PTT Global Chemical, and Japan’s Itochu.

By: Stefan Baumgarten
+1 713 525 2653

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